This property looks like a bad Mid-Term investment with a projected -11.07% first-year return on $98,871 initial cash invested.
-11.07%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$2,613
Rent
-$912
Cashflow
Cash Flow
$2,613 income − $3,525 expenses = $912 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,871
Downpayment
20%
$77,020
Closing costs
1%
$3,851
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,613
Total Expenses
$3,525
Mortgage P&I
81%
$2,109
Property Taxes
15%
$387
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$78
Maintenance
4%
$105
Other
11%
$287